Integrafin, parent company of Transact, has nabbed investment trust specialist Caroline Banszky (pictured) for the board and named its interim replacement for outgoing chairman Patrick Snowball.
Christopher Munro, who has been a non-executive director since 1 February 2017, has become temporary chair of the board following Patrick Snowball’s resignation on 31 July. Munro was chief executive of River & Mercantile Investment Management between 1994 and 1996. More recently, he was a director at Beckwith Asset Management and a founding partner at London and Continental.
He will remain in the role until a permanent replacement is found.
The investment platform business received a premium listing in a £650m IPO on the London Stock Exchange in March. In a trading update in July, Transact reported total funds of £32bn despite outflows.
Banszky is currently a non-executive director of FTSE100 private equity and infrastructure investment company 3i Group. She is also on the board of an impact investing closed-ended fund, Gore Street Energy Fund Storage. She chairs the audit and compliance committee and is a member of the remuneration committee at 3i. At Gore Street Energy Fund Storage she chairs the audit committee.
In 2016, she resigned as managing director at independent global fiduciary services business The Law Debenture Corporation, which also ran an investment trust.
